Section 14A law laid down in Minda Investments cannot be followed as in the later decisions similar matters have been restored to the file of the AO

The plea of the assessee based on Minda Investments Ltd that the dis allowance should be deleted cannot be accepted as in the later decisions similar matters have been restored to the file of the AO and according to rule of precedence, later decision passed by similar strength of the Bench has to be followed in preference to the earlier decision.

Continental Carriers Pvt. Ltd Vs. ACIT (ITAT Delhi)
ITA Nos. 4260/Del/2010, 3262/Del/2010 & 3263/Del/2010
Assessment Years : 2005- 06, 2006- 07 & 2007- 08

ORDER:

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